Section 40AA: Fines and penalties to be credited to the Federal Consolidated Fund
The Securities and Exchange Commission of Pakistan Act, 1997 · Companies Laws · Legal status not independently verified
Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.
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3[40AA. Fines and penalties to be credited to the Federal Consolidated Fund.― All fines and penalties recovered by the Commission shall be credited to the Federal Consolidated Fund.]
Effective date: 1997-01-01
Related sections
Section 40A: Penalty for violation of rules 4[,] regulations 4[, directives and notification]Section 40B: Power of the Commission to issue directives, circulars, guidelines, etc. TheSection 40: Power to make regulationsSection 41: Common seal. The Commission shall have a common seal and such seal shall be kept inSection 39: Power to make rulesSection 41A: Standard of proof
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